Las Vegas real estate agent Michelle Sterling
Michelle Sterling, ABR
Las Vegas Real Estate
Berkshire Hathaway Home Services
Nevada Properties ®

7475 W. Sahara Ave.
Suite 100
Las Vegas, NV
89117

click-to-call from the web
Toll-Free: 888-349-2595
Direct Line: 702-349-3009

Email: info@mslasvegasrealestate.com

Las Vegas Homes FacebookLas Vegas Real Estate Twitter

Google Plus Profile


Se Habla Espa�ol
CLIC AQUI PARA VER ESTA PAGINA EN ESPA�OL


The Michelle Sterling Las Vegas Real Estate Team Featured by:


Las Vegas HUD Homes

A LAS VEGAS REALTOR IS STANDING BY FOR YOUR CALL

CALL NOW FOR
IMMEDIATE ANSWERS TO YOUR QUESTIONS
888-349-2595

click-to-call from the web

Welcome to the MS Las Vegas Real Estate HUD Homes page.

The best resource for HUD information is www.hud.gov.

This is a quick primer on how HUD works.

This information was taken directly from the HUD website (which is comprehensive and easy to navigate as well). An important thing for you to know is that MS Las Vegas Real Estate is a "HUD Participating" real estate team that is fully qualified to assist you in making a HUD purchase in Las Vegas.

What is a "HUD Home"?
Answer: When someone with a HUD insured mortgage can't meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. Then HUD sells the home at market value as quickly as possible.

Who can buy a HUD home?
Answer: Anyone! If you have the cash or can qualify for a mortgage, you can buy a HUD home. HUD employees and relatives of HUD employees are eligible, but must receive written approval from the Director of HUD's Office of Single Family Asset Management in order to purchase a HUD-owned single family property.

Is it true I can get a HUD Home for a dollar?
Answer: No. HUD sells homes at market value - that means that the price is set based on the price of similar homes sold in the area.

If the HUD Home needs repairs, will HUD make them?
Answer: HUD Homes are sold "as-is," without warranty.
That means that HUD will not pay to correct any problems. But even if a HUD Home needs fixing up - and not all of them do - it can be a real bargain! For example, HUD's asking price on the home will reflect the fact that the buyer will have to invest money to make improvements. HUD might offer special incentives such as an allowance to upgrade the property, a moving expense allowance, or a bonus for closing the sale early. And keep in mind that on most sales, the buyer can request HUD to pay all or a portion of the financing and closing costs. Your real estate agent will have details. We encourage you to get the home professionally inspected before you make an offer so you will know what repairs you may have to make BEFORE you submit your bid.

***REMEMBER***
AS A BUYER OUR SERVICES ARE COMPLETELY FREE TO YOU!
THE SELLER/DEVELOPER OF THE HOME YOU ARE BUYING PAYS OUR FEES!

How do I buy a HUD home?
Answer: Start by finding a participating HUD real estate agent. MS Las Vegas Real Estate fits this description. As such, we will submit your bid for you.
Normally, HUD Homes are sold in an "Offer Period." At the end of the Offer Period, all offers are opened and, basically, the highest reasonable bid is accepted. If the home isn't sold in the initial Offer Period, you can submit a bid until the home is sold.
Bids can be submitted any day of the week, including weekends and holidays. They will be opened the next business day. If your bid is acceptable to HUD, your real estate agent will be notified, usually within 48 hours.

If my bid is accepted, then what happens?
Answer: MS Las Vegas Real Estate will help you through the paperwork process. You'll be given a settlement date, normally within 30-60 days, by which you need to arrange financing and close the sale, or forfeit your earnest money deposit, or pay for an extension of your sales contract. HUD has an excellent booklet to help you understand the settlement process: "Buying Your Home - Settlement Costs and Helpful Information.

How can I find out what HUD Homes are for sale?
Answer: Right on the HUD website! HUD updates the list of HUD Homes for sale in Las Vegas every day. If you see one that interests you, contact MS Las Vegas Real Estate and we will be happy to show it to you!

How can I get a loan to buy a HUD Home?
Answer: HUD doesn't make loans directly. But HUD does have a number of mortgage loan programs that could help you buy a home. You can read about those programs on the HUD website. Then contact a HUD approved lender, who will take you through the steps and actually make the loan.

Can I buy a HUD Home as an investment?
Answer: Most HUD Homes are initially offered on a priority basis to owner occupant purchasers (people who are buying the home as their primary residence). Following the priority period, unsold properties are then available to all buyers, including investors.

SEND US AN EMAIL
OR CALL TOLL FREE 888-349-2595
FOR MORE INFORMATION!

***REMEMBER***
AS A BUYER OUR SERVICES ARE COMPLETELY FREE TO YOU
THE SELLER/DEVELOPER OF THE
HOME YOU ARE BUYING PAYS OUR FEES

DON'T WAIT! GET PROFESSIONAL REPRESENTATION ABSOLUTELY FREE
FILL OUT THE FORM BELOW FOR A NO OBLIGATION CONSULTATION

Contact Michelle
For Additional Information

GUARANTEED 15 MINUTE RESPONSE TIME
DURING BUSINESS HOURS! *

(Fields marked with are required.)

Contact Information
Property Information
Moving Details
Additional Information

* MS Las Vegas Real Estate business hours are 8am - 9pm PST (Pacific Standard Time)

MICHELLE STERLING IS AVAILABLE RIGHT NOW

SEND MICHELLE AN EMAIL OR GET INSTANT ANSWERS
TO YOUR QUESTIONS BY CALLING HER AT
888-349-2595

click-to-call from the web